371 Good Hope School RdCullmanAL35057
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cullman at 371 Good Hope School Rd, Cullman, AL, 35057 offers $1,766/mo rent that, after a $1,615/mo payment. Total monthly income is $1,766/mo. Return on cash invested measures 18.85% in year one, and rental yield stands at 6.42% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 96.48% and total cumulative return in cash reaches $105,507. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,766/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
2.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35057, Cullman, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,502 (100%) |
| Owner Occupied HU | 4,634 (71.3%) |
| Renter Occupied HU | 1,044 (16.1%) |
| Vacant Housing Units | 824 (12.7%) |
| Median Home Value | $242,343 |
| Average Home Value | $300,679 |
Housing Distribution
Address Breakdown
Residential
6,221
Single Family
6,221
Multi-Family
0
Businesses
206
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Listed by: Michelle Joiner • ERA WALDROP REAL ESTATE
Mls Name: Strategic MLS Alliance
Mls ID: #520462
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.